The Statistical Details on the U

question 18

Multiple Choice

The statistical details on the U.S.balance of international payments between 1790 and 1860 help economic historians determine

• A) what the U.S. sold domestically.
• B) how other countries paid for their own domestic goods and services.
• C) how the U.S. paid other countries for their exports.
• D) changes in domestic trade patterns.

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Definitions:

Quintile Distribution

A statistical measure used to divide a population into five equal groups based on a particular variable, such as income.

Income Share

The portion or percentage of national income or personal revenue received by an individual or group, often studied in the context of economic inequality.

Social Stratification

Refers to the way in which society is organized into layers based on wealth, power, and status.

Hierarchical Structure

An organizational system arranged in levels of importance or authority.